June 29, 2018
Posts
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June 27, 2018
Historical Banking Financial Statistics and Weekly Financial Statistics
Access banking and financial statistics from January 2012 to May 2018. -
June 27, 2018
Transparency strengthens public trust and makes monetary policy more effective, Governor Poloz says
Transparency in monetary policy can help build trust with the public and financial markets and promote a more resilient economy, Governor Stephen S. Poloz said in a speech today. -
Readability and the Bank of Canada
In this note, I assess the readability of Bank of Canada publications using a formula commonly used for this type of evaluation. I find that Bank publications are more difficult to read than the media articles and other content our target audiences likely consume. This suggests that more simple writing can help the Bank better meet its communication objectives. -
June 27, 2018
Let Me Be Clear: From Transparency to Trust and Understanding
Governor Poloz talks about how the Bank is improving communications with the public and helping financial markets understand its monetary policy approach. -
Bootstrapping Mean Squared Errors of Robust Small-Area Estimators: Application to the Method-of-Payments Data
This paper proposes a new bootstrap procedure for mean squared errors of robust small-area estimators. We formally prove the asymptotic validity of the proposed bootstrap method and examine its finite sample performance through Monte Carlo simulations. -
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Swedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital Currencies
This paper examines the experience of Sweden with government notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and it had government notes before private bank notes. -
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Reconciling Jaimovich-Rebelo Preferences, Habit in Consumption and Labor Supply
This note studies a form of a utility function of consumption with habit and leisure that (a) is compatible with long-run balanced growth, (b) hits a steady-state observed target for hours worked and (c) is consistent with micro-econometric evidence for the inter-temporal elasticity of substitution and the Frisch elasticity of labor supply.